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Compliance Updates

The Isle of Man Gambling Supervision Commission Appoints Mark Rutherford as its New Chief Executive Officer

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The Isle of Man Gambling Supervision Commission has confirmed the appointment of Mark Rutherford as its new Chief Executive Officer.

His role is to oversee and maintain the Isle of Man’s regulatory standards for Gambling and Medicinal Cannabis and ensure the integrity, transparency and effectiveness of the Island’s regulatory framework, safeguarding both the reputation of the sector and the protection of consumers.

Having worked within the Isle of Man GSC for 15 years, Mr Rutherford’s experience spans multiple roles within the Island’s public service, including having served in the Income Tax Division before joining the GSC as the Director of Policy and Legislation.

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Acting chair of the GSC, David Butterworth, said: “I am pleased to announce the appointment of Mark as Chief Executive of the GSC. His transition into this role comes at a crucial time, ensuring we uphold the highest standards of transparency and protection while adapting to the sector’s evolving challenges.

“With his extensive experience and clear vision for improvement, Mark is a valuable asset who is committed to strengthening our regulatory approach to meet the Island’s needs and those of the sectors it represents well into the future.”

Mr Rutherford said: “I am grateful to the GSC Board for their confidence in me as CEO. I have lived and worked in the Isle of Man in both private and public sectors and my role as a public servant has been dedicated to serving the Isle of Man. I am committed to ensuring the effective, transparent and secure regulation of gambling and the production of medicinal cannabis here in the Island.

“There is an important opportunity to strengthen the Isle of Man’s defences against financial crime and I am embarking on an ambitious programme of reform to reinforce the powers we have to supervise and regulate the gambling sector. I am also working closely with partner agencies to understand the emerging threat that faces the Island’s gambling sector.

“It is imperative that we continue to review and adapt our approach to stay aligned with evolving challenges, including the emerging risks and typologies arising from particular markets. I shall be examining those threats closely to ensure that we are alert to them and manage the risk.

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“I will also be further expanding our international cooperation and domestic inter-agency working and the GSC will continue to play its part in the network of authorities that detect and disrupt criminal activity in the Island. It is vital that we maintain alignment with the international standards’ requirements for combatting financial crime as they continue to be evolve.

“Over the last 25 years the Island has built a global reputation as a high-quality regulatory regime for eGaming and we have seen the sector grow and diversify. I am keen that we support responsible growth in this important sector by licensing quality operators who share our values of safety and fairness.”

The post The Isle of Man Gambling Supervision Commission Appoints Mark Rutherford as its New Chief Executive Officer appeared first on European Gaming Industry News.

Compliance Updates

Imagine Live Receives ONJN License

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Imagine Live, the live casino provider has been approved by ONJN – the Romanian regulator

Imagine Live is thrilled to announce that it has successfully obtained the Class II license in Romania through its subsidiary ImagineLive Ro for the streaming of Live Casino games.

Martin Martirosyan Imagine Live Group CEO, commented: “Imagine Live is an established brand committed to delivering exceptional products and gaming experiences by putting the player at the centre of the live gaming experience. Imagine Live is equally committed to providing premium and customised live dealer solutions with bespoke tables and studios for our Romanian operator partners to ensure a complete brand experience that players enjoy and return, which drives deeper engagement and revenue opportunities.

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The successful regulatory Class II approval from the Romanian ONJN regulatory authority further underpins our company’s growth plans and investments for state-of-the-art live dealer studios and customised live dealer product experiences.”

The post Imagine Live Receives ONJN License appeared first on European Gaming Industry News.

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Compliance Updates

Livespins levels up with Malta licence

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Live streaming game provider awarded supplier licence from the Malta Gaming Authority with operator deals and new market launches to follow

Livespins, the live-streaming game provider that sits within the casino lobby, is now the proud holder of a supplier license from the Malta Gaming Authority (MGA).

Securing MGA approval is a milestone moment for the award-winning Livespins, which can now offer its socially-charged Bet With Streamers game to operators licensed by the regulator.

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This significantly increases Livespins’ addressable audience both in terms of the number of operators it can work with and the markets it can enter.

Livespins has transformed the online casino space with its Bet With Streamers game, which allows operators to tap into the huge demand for streaming content.

Not only do players get to watch streamers fire up the reels on blockbuster slots from the biggest studios, but they can also bet with the streamers.

This creates a group bet and a shared experience but with each player able to select their own bet and number of spins. If the streamer wins, they win. It’s that simple.

Social engagement is at the heart of the Livespins experience with players able to chat with the streamer and each other throughout – they can even drop reactions, emojis and gifs.

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This helps to build a community around Bet With Streamers and also the operator’s brand, allowing online casinos to unlock unprecedented retention rates as players keep coming back for more.

Because Livespins sits within the casino lobby, players are given all of the responsible gambling and safe gaming tools required under the operator’s local and international licences.

Michael Pedersen, Chief Commercial Officer at Livespins, said: “We are thrilled to have secured a supplier licence from the Malta Gaming Authority which is a testament to the quality of the product and experience we provide, and how it aligns with the regulator’s goals regarding responsible gambling.

“Malta licences are highly valued, allowing suppliers to engage with a large number of operators in markets across the world. With our licence in hand, we will now be striking deals with tons of MGA operators and taking the Livespins revolution to even more markets across the world.”

The post Livespins levels up with Malta licence appeared first on European Gaming Industry News.

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Australia

Western Australia Increases Penalties to Strengthen Gambling Laws

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The Government of Western Australia (WA) has increased enforcement powers and penalties to bolster the regulation of WA’s gambling industry through law reform.

The reforms address the findings and recommendations of the Perth Casino Royal Commission which found that the legislation needed to be modernised to be fit for purpose.

Amendments include significant increases in a range of penalties when there is a failure to comply with gambling laws and directions issued by the Gaming and Wagering Commission (GWC).

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Gaming and Wagering Commission Chair Gary Dreibergs said: “I welcome the reforms which will greatly assist the Gaming and Wagering Commission in our important task to enforce gambling laws and disrupt illegal gambling in WA.

“The substantial increase in penalties will act as a more effective deterrent and a more appropriate punishment for law breakers who may regard current lower penalties as an acceptable risk when they consider the profits that can be made from subverting the laws.

“The extra powers for the GWC will help to significantly boost our ability to carry out successful investigations and prosecutions to stamp out illegal activity, which often attracts money launderers and organised crime gangs.”

The post Western Australia Increases Penalties to Strengthen Gambling Laws appeared first on European Gaming Industry News.

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